1 Day Ago
Highlights
- On-site laundry
- Gated property
- Comfortable living space
- Easy access
Location
1405 Martin Luther King Jr Way, Tacoma, WA 98405, USA|New Tacoma
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $995 /mo | 1 unit available | Looking for a cozy, budget-friendly place to call home? This charming 1-bedroom, 1-bath apartment in Tacoma offers a comfortable living space in a classic, well-maintained building — perfect for those who appreciate character and simplicity. **PHOTOS OF A SIMILAR UNIT** Apartment Features: • 1 Bedroom | 1 Bathroom • Comfortable and functional layout • Located in a quaint, older building with classic charm • Gated property for added privacy and security • On-site laundry for convenience Conveniently located in Tacoma with easy access to shopping, dining, and everyday essentials, making daily living easy and accessible. Rent: $995 / month Security Deposit: $900 Pets: $250 Deposit - $50/mo pet rent Utilities: $110 W/S/G (Electricity not included) |
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One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 10 |
|---|
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About 1405 Martin Luther King Junior Way
Looking for a cozy, budget-friendly place to call home? This charming 1-bedroom, 1-bath apartment in Tacoma offers a comfortable living space in a classic, well-maintained building — perfect for those who appreciate character and simplicity. **PHOTOS OF A SIMILAR UNIT** Apartment Features: • 1 Bedroom | 1 Bathroom • Comfortable and functional layout • Located in a quaint, older building with classic charm • Gated property for added privacy and security • On-site laundry for convenience Conveniently located in Tacoma with easy access to shopping, dining, and everyday essentials, making daily living easy and accessible. Rent: $995 / month Security Deposit: $900 Pets: $250 Deposit - $50/mo pet rent Utilities: $110 W/S/G (Electricity not included)
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1405 Martin Luther King Junior Way compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
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Rent trends in New Tacoma
1-bedroom apartments at 1405 Martin Luther King Junior Way cost about 40% less than the average rent price for 1-bedroom apartments in New Tacoma.
Median rents as of May 30 2026.
New Tacoma
Tacoma
| Month | Median Rent |
|---|---|
| June 2024 | $1,260 |
| July 2024 | $1,246 |
| August 2024 | $1,254 |
| September 2024 | $1,280 |
| October 2024 | $1,257 |
| November 2024 | $1,339 |
| December 2024 | $1,296 |
| January 2025 | $1,275 |
| February 2025 | $1,261 |
| March 2025 | $1,308 |
| April 2025 | $1,180 |
| May 2025 | $1,197 |
| June 2025 | $1,223 |
| July 2025 | $1,209 |
| August 2025 | $1,194 |
| September 2025 | $1,211 |
| October 2025 | $1,215 |
| November 2025 | $1,204 |
| December 2025 | $1,248 |
| January 2026 | $1,230 |
| February 2026 | $1,210 |
| March 2026 | $1,236 |
| April 2026 | $1,242 |
| May 2026 | $1,204 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,225 |
| July 2024 | $1,181 |
| August 2024 | $1,204 |
| September 2024 | $1,279 |
| October 2024 | $1,262 |
| November 2024 | $1,411 |
| December 2024 | $1,377 |
| January 2025 | $1,377 |
| February 2025 | $1,368 |
| March 2025 | $1,354 |
| April 2025 | $1,162 |
| May 2025 | $1,191 |
| June 2025 | $1,257 |
| July 2025 | $1,245 |
| August 2025 | $1,247 |
| September 2025 | $1,254 |
| October 2025 | $1,254 |
| November 2025 | $1,213 |
| December 2025 | $1,260 |
| January 2026 | $1,271 |
| February 2026 | $1,231 |
| March 2026 | $1,265 |
| April 2026 | $1,265 |
| May 2026 | $1,256 |
Affordability calculator
Can I afford to live at 1405 Martin Luther King Jr Way?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.
Schools near 1405 Martin Luther King Junior Way
Stanley Elementary School
1712 s 17th st
tacoma, WA, 98405
PK, K-5Public
B-
Tacoma Special Services
601 s 8th st
tacoma, WA, 98405
PK, K-12Public
Willard Early Learning Center
3201 s d st
tacoma, WA, 98418
PKPublic
Madison Headstart
3102 s 43rd st
tacoma, WA, 98409
PKPublic
Fife Elementary School
5804 20th st e
tacoma, WA, 98424
K-5Public
B-
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Internet available near 1405 Martin Luther King Junior Way
Getting around Tacoma near 1405 Martin Luther King Jr Way
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 1405 Martin Luther King Jr Way, Tacoma
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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